financetom
Business
financetom
/
Business
/
OpenAI to help UAE develop one of world's biggest data centers, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
OpenAI to help UAE develop one of world's biggest data centers, Bloomberg News reports
May 26, 2025 9:45 AM

(Reuters) -OpenAI plans to help develop a massive new data center in the United Arab Emirates that may eventually be one of the largest in the world, Bloomberg News reported on Friday.

The ChatGPT maker is expected to be one of the primary anchor tenants for a 5-gigawatt data center campus in Abu Dhabi, the report said, citing people familiar with the matter.

The Microsoft ( MSFT )-backed company's participation is not yet finalized but a formal announcement may come in the near term, the report said.

OpenAI did not immediately respond to a Reuters request for comment.

The UAE and the United States on Thursday signed an agreement for the Gulf country to build the largest AI campus outside the U.S.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
American Eagle's quarterly revenue misses estimates
American Eagle's quarterly revenue misses estimates
May 29, 2024
May 29 (Reuters) - American Eagle Outfitters ( AEO ) on Wednesday missed Wall Street estimates for quarterly revenue as sticky inflation hurt consumer demand for its apparel and accessories often sold at full price. The company's net revenue for the quarter ended May 4 came in at $1.14 billion, compared with analysts' average estimate of a 6.4% rise to...
Atlassian Insider Sold Shares Worth $1,363,943, According to a Recent SEC Filing
Atlassian Insider Sold Shares Worth $1,363,943, According to a Recent SEC Filing
May 29, 2024
04:20 PM EDT, 05/29/2024 (MT Newswires) -- Michael Cannon-Brookes, 10% Owner, Director, Co-CEO, Co-Founder, on May 28, 2024, sold 8,241 shares in Atlassian ( TEAM ) for $1,363,943. Following the Form 4 filing with the SEC, Cannon-Brookes has control over a total of 176,907 shares of the company, with 176,907 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218024004505/xslF345X03/primarydocument.xml Price: 164.29, Change: -1.47, Percent...
--Agilent Technologies Guides For Full Year 2024 EPS of $5.15-$5.25 on Revenue of $6.42-$6.5 Billion, vs CIQ Analyst Consensus of $5.65/Share on Revenue of $6.9 Billion
--Agilent Technologies Guides For Full Year 2024 EPS of $5.15-$5.25 on Revenue of $6.42-$6.5 Billion, vs CIQ Analyst Consensus of $5.65/Share on Revenue of $6.9 Billion
May 29, 2024
04:07 PM EDT, 05/29/2024 (MT Newswires) -- Price: 137.26, Change: -8.16, Percent Change: -5.61 ...
HP beats revenue estimate on recovering PC demand
HP beats revenue estimate on recovering PC demand
May 29, 2024
May 29 (Reuters) - HP Inc ( HPQ ) beat Wall Street estimates for second-quarter revenue on Wednesday, signaling a recovery in the personal computer (PC) market as customers upgrade their systems. Like other PC makers, HP experienced a boom in sales during the pandemic as consumers, businesses and schools stocked up on tech products and then a subsequent two-year...
Copyright 2023-2026 - www.financetom.com All Rights Reserved